|
As
of June 30, 2024, the remaining minimum base lease and estimated common area maintenance (CAM) payments under the non-cancellable office
equipment and facility space leases are as follows:
Schedule
of Non-cancellable Operating Leases Minimum Payments
Non-cancellable
Operating Leases Minimum Payments
| Fiscal Year |
|
Facility Lease Payments |
|
|
Facility Lease Payments |
|
|
Lease Payments |
|
|
Total Lease Payments |
|
|
Total Variable CAM Estimate |
|
| |
|
(Thousands) |
|
|
|
|
|
|
|
| |
|
Optex Richardson |
|
|
Applied Optics Center |
|
|
Office Equipment |
|
|
Consolidated |
|
| Fiscal Year |
|
Facility Lease Payments |
|
|
Facility Lease Payments |
|
|
Lease Payments |
|
|
Total Lease Payments |
|
|
Total Variable CAM Estimate |
|
| 2024 Base year lease |
|
$ |
83 |
|
|
$ |
75 |
|
|
$ |
4 |
|
|
$ |
162 |
|
|
$ |
75 |
|
| 2025 Base year lease |
|
|
336 |
|
|
|
305 |
|
|
|
15 |
|
|
|
656 |
|
|
|
306 |
|
| 2026 Base year lease |
|
|
346 |
|
|
|
313 |
|
|
|
3 |
|
|
|
662 |
|
|
|
312 |
|
| 2027 Base year lease |
|
|
357 |
|
|
|
322 |
|
|
|
- |
|
|
|
679 |
|
|
|
318 |
|
| 2028 Base year lease |
|
|
242 |
|
|
|
330 |
|
|
|
- |
|
|
|
572 |
|
|
|
249 |
|
| 2029 Base year lease |
|
|
- |
|
|
|
83 |
|
|
|
- |
|
|
|
83 |
|
|
|
43 |
|
| Total base lease payments |
|
$ |
1,364 |
|
|
$ |
1,428 |
|
|
$ |
22 |
|
|
$ |
2,814 |
|
|
$ |
1,303 |
|
| Imputed interest on lease payments (1) |
|
|
(130 |
) |
|
|
(155 |
) |
|
|
(1 |
) |
|
|
(286 |
) |
|
|
|
|
| Total Operating Lease Liability(2) |
|
$ |
1,234 |
|
|
$ |
1,273 |
|
|
$ |
21 |
|
|
$ |
2,528 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use Asset(3) |
|
$ |
1,146 |
|
|
$ |
1,195 |
|
|
$ |
21 |
|
|
$ |
2,362 |
|
|
|
|
|
| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
| |
|
| (2) |
Includes
$166 thousand of unamortized deferred rent. |
| |
|
| (3) |
Short-term
and Long-term portion of Operating Lease Liability is $634 thousand and $1,894 thousand, respectively. |
|